In 2008 the money wage rate in Ireland increased by 4 percent ...

[shenderson6]

In 2008 the money wage rate in Ireland increased by 4 percent while the price level increased by 8 percent. As a result, Ireland's
 
  A) short-run aggregate supply curve shifted leftward.
  B) short-run aggregate supply curve shifted rightward.
  C) long-run aggregate supply curve shifted rightward.
  D) short-run and long-run aggregate supply curves shifted rightward.

Question 2

The above figure shows the market for neckties after the government has imposed a tax. How much government revenue is generated by the tax?
 
  A) 1,000.00 per month
  B) 800.00 per month
  C) 500.00 per month
  D) 400.00 per month

[strudel15]

Answer to Question 1

B

Answer to Question 2

D

[shenderson6]

Thanks for the timely response, appreciate it

[sultansheikh]

Wow, this really help